What is a Consumer Protection Agency?
A Consumer Protection Agency is an institution or agency responsible for the administration and provision of protective measures with regard to consumer rights; typically, a Consumer Protection Agency officiates statutory legislation with regard to statues and legality passed in order to ensure that the rights granted to consumers are upheld – furthermore, these types of Consumer Protection Agencies may also regulate the activity of vendors and suppliers within the setting of the commercial market in order to ensure that fair, ethical, and legal commercial practices are being undertaken.
What is the Nature of a Consumer Protection Agency?
A Consumer Protection Agency with regard to both its administration and structure is not uniform; while certain Consumer Protection Agencies are operated and overseen by the governing body of the country or nation in which they reside, other Consumer Protection Agencies may be operated privately.
The Better Business Bureau (BBB) is a private Consumer Protection Agency undertaking the mediation with regard to the lines of communication between consumers and businesses; in the event that an individual has experienced a presumed injustice within the realm of the commercial marketplace, that individual entity may report the alleged infraction to the Better Business Bureau for further investigation
The Federal Trade Commission (FTC) is a Federal institution mandated by the United States Government responsible for the maintenance, protection, and regulation of commercial activity undertaken within the commercial marketplace; this Consumer Protection Agency is authorized by the government to undertake investigative measures with regard to reported injustices and illegal commercial activity
The Responsibilities of a Consumer Protection Agency
Within the scope of responsibilities innate within the administration of an individual Consumer Protection Agency, both the structure and responsibilities may vary; however, the primary purpose will typically include measures taken in order to ensure the rights of a consumer – the following issues are amongst the most common within the scope of the commercial market:
A warranty is an expressed guarantee supplied by a supplier of a product or service that serves as insurance with regard to the performance and upkeep of a product or service purchased; the terms of warranties are analyzed by Consumer Protection Agencies in order to ensure that products are not falsely advertised and maintain structural integrity
False Advertising in the misrepresentation of the description innate within a product or service offered by a commercial supplier; although false advertising may occur on both an intentional or accidental basis, a Consumer Protection Agency may cite a supplier for engaging in this crime
Product Liability inherent within a product or service ensures the prevention of both financial loss and harm to personal wellbeing upon the engagement of the intended use of that product or service